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Wednesday, June 18, 2025

Petrobras Strives to Pay Extra Dividends Brazil Needs for Budget

 


State-controlled oil producer Petrobras is making an effort to pay extraordinary dividends that the government is counting on this year to shore up public finances.

The ability to pay extra dividends will depend on the level of oil prices, which are still lower than a year ago even with geopolitical tensions in the Middle East, Chief Executive Officer Magda Chambriard told reporters in Rio de Janeiro on Wednesday.

https://www.bloomberg.com/news/articles/2025-06-18/petrobras-strives-to-pay-extra-dividends-brazil-needs-for-budget

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